Core Viewpoint - Shanghai Re-energize Energy Group Co., Ltd. announced a conditional agreement to issue subscription shares, raising approximately 280 million yuan (around 306 million HKD) through the issuance of shares to Qi Yuan Fund and Cangnan Shanhai Zairun [2][3]. Fund Allocation - Approximately 34.90% of the net proceeds will be allocated to the construction of a hydrogen fuel cell system and hydrogen energy equipment R&D center, expected to be fully utilized by December 31, 2028 [3]. - About 35.10% of the net proceeds will fund R&D activities for hydrogen fuel cell systems and hydrogen energy equipment applicable in diverse scenarios, also expected to be fully utilized by December 31, 2028 [3]. - Approximately 30% of the net proceeds will be used for the company's working capital, anticipated to be fully utilized by December 31, 2026 [3]. Shareholder Structure - The company has a diverse shareholder base, including Lin Qi, Shanghai Weiqing, Shanghai Weilan, Shanghai Weijing, and Sinopec Capital, with a total market capitalization of 18.2 billion HKD as of the last closing price of 211.4 HKD per share [4].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） 內幕消息 中國證監會就本公司H股全流通申請 發出備案通知書 本公告乃上海重塑能源集團股份有限公司（「本公司」）根據香港聯合交易所有限公 司（「聯交所」）證券上市規則（「上市規則」）第13.09(2)(a)條及香港法例第571章證 券及期貨條例第XIVA部項下的內幕消息條文而刊發。 於本公告日期，轉換及上市的實施計劃詳情未最終確定。本公司將根據上市規則 的規定及╱或證券及期貨條例第XIVA部項下的內幕消息條文於適當時候就轉換 及上市的進展另行刊發公告。 1 轉換及上市還需履行中國證監會、聯交所及其他相關境內外監管部門要求的其他 相關程序。本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 承董事會命 上海重塑能源集團股份有限公司 董事長 林琦先生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本通告全部或任何部分內容而產生或因依賴該等內容而引致的任何 損失承擔任何責任。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） 2025年第二次臨時股東會通告 茲通告上海重塑能源集團股份有限公司（「本公司」）謹訂於2025年6月26日（星期 四）上午十時正假座中華人民共和國上海市嘉定區金園一路655號一棟2層舉行2025年 第二次臨時股東會（「臨時股東會」），藉以審議及酌情通過下列決議案： 特別決議案 承董事會命 上海重塑能源集團股份有限公司 董事長 林琦先生 香港，2025年6月8日 於本通告日期，本公司董事會成員包括執行董事林琦先生、胡哲博士、馬晶楠女 士、翟雙博士及趙泳生先生；非執行董事劉會友先生；及獨立非執行董事李偉先生、 錢美芬博士及陳飛先生。 – 1 – 1. 審議及批准建議根據特別授權發行本公司內資股（「發行」）及與西安高投啟 源硬科技投資基金合夥企業（有限合夥 ...

此乃要件 請即處理 閣下如已售出或轉讓名下所有上海重塑能源集團股份有限公司股份，應立即將本通函連同隨附的代表委任 表格送交買方或承讓人，或經手買賣的銀行、股票經紀或其他代理，以便轉交買方或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本通函全部或任何部分內容而產生或因依賴該等內容而引致的任何 損失承擔任何責任。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） (1) 建議根據特別授權發行內資股及認購協議； (2) 授權董事會處理發行認購股份相關事宜； (3) 按非優先基準發行認購股份； (4) 建議修訂公司章程； 閣下如對本通函任何方面或應採取的任何行動有任何疑問，應諮詢股票經紀或其他註冊證券交易商、銀行 經理、律師、專業會計師或其他專業顧問。 及 (5) 2025年第二次臨時股東會通告 上海重塑能源集團股份有限公司謹訂於2025年6月26日（星期四）上午十時正假座中國上海市嘉定區金園一 路655號一棟2層舉行 ...

Core Viewpoint - The company aims to enhance its overall competitiveness and secure additional funding for its operations through a proposed issuance of subscription shares, which will involve the issuance of 1.9718 million domestic shares at a subscription price of RMB 142 per share, representing a discount of approximately 27.93% compared to the closing price of HKD 215.00 per H-share on the trading day prior to the agreement [1][2]. Group 1 - The total amount raised from the subscription is approximately RMB 280 million, with a net amount of about RMB 272 million after deducting professional and other fees [2]. - The net proceeds are allocated as follows: approximately 34.90% for the construction of a hydrogen fuel cell system and hydrogen equipment R&D center, expected to be fully utilized by December 31, 2028; approximately 35.10% for R&D activities related to hydrogen fuel cell systems and hydrogen equipment for diverse applications, also expected to be fully utilized by December 31, 2028; and approximately 30.00% for the company's working capital, expected to be fully utilized by December 31, 2026 [2]. Group 2 - The subscription shares represent about 4.34% of the total issued domestic shares and approximately 2.29% of the total issued shares [1].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） (1)建議根據特別授權發行內資股及認購協議； (2)授權董事會處理發行認購股份相關事宜； (3)按非優先基準發行認購股份； (4)建議修訂公司章程；及 (5)暫停辦理H股股份過戶登記手續 董事會謹此公佈，為進一步提升本公司的整體競爭力，為本集團經營活動籌集 額外資金及促進本集團業務穩定發展，於2025年6月7日，董事會決議建議根據 特別授權發行認購股份，且本公司與認購方訂立認購協議，據此本公司有條件 同意配發及發行，而認購方有條件同意認購合共1,971,830股內資股，認購價為 人民幣142元。 於認購事項完成後，董事會建議就本公司註冊資本及股份數目對公司章程第四 條及第二十條作出相應修訂。 根據認購協議、公司章程及中國相關法律法規，建議根據特別授權 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved the "full circulation" of unlisted shares for Shanghai Reconstruct Energy Group Co., Ltd, allowing 20 shareholders to convert a total of 16,369,877 unlisted shares into listed shares for trading on the Hong Kong Stock Exchange [1] Group 1 - The approval from the CSRC pertains to the conversion of unlisted shares to listed shares [1] - A total of 20 shareholders are involved in this conversion process [1] - The number of shares being converted amounts to 16,369,877 [1]

Group 1 - The core viewpoint of the news is that the China Securities Hong Kong Stock Connect Power Equipment Composite Index has shown a recent increase, but has experienced significant declines over the past three months and year-to-date [1][2]. - The index reported a 3.49% increase over the past month, a 17.28% decrease over the past three months, and a 16.27% decline year-to-date [1]. - The index is composed of various sectors within the Hong Kong Stock Connect, reflecting the overall performance of different industry securities [1]. Group 2 - The top ten weighted stocks in the index include Ruipu Lanjun (13.75%), Zhongchuang Innovation (12.96%), Reshaping Energy (12.54%), Shanghai Electric (11.31%), and others, indicating a concentration in a few key companies [1]. - The index's holdings are entirely composed of stocks listed on the Hong Kong Stock Exchange, with a 100% allocation [1]. - The industry composition of the index shows that batteries account for 47.01%, photovoltaic equipment for 28.74%, other power generation equipment for 17.00%, wind power equipment for 6.42%, and battery components and materials for 0.82% [2].

Core Viewpoint - The stock performance of Reshape Energy (02570) has been highly volatile since its IPO, experiencing significant fluctuations in price, reflecting broader market trends and specific company challenges [1][3][4]. Stock Performance - After its successful IPO on December 6, 2024, Reshape Energy's stock price rose to a peak of HKD 316.2 per share, representing a 115.1% increase from the issue price of HKD 147 within four months [1]. - However, in just 13 trading days, the stock plummeted to a low of HKD 118, marking a 62.68% decline, which was nearly 20% below the issue price [3]. - Following this low, the stock rebounded to HKD 267.4, achieving a maximum increase of 115.19% within two months [3]. - Recent trading has seen the stock drop over 20% in four days, breaching the 10-day moving average, indicating ongoing volatility [3]. Market Dynamics - The actual circulating shares of Reshape Energy are approximately 3%, significantly limiting liquidity and contributing to the stock's volatility [5]. - The IPO involved issuing about 482.79 million shares, with only 5.6% of total shares available for trading, exacerbated by the lock-up of cornerstone investors' shares [4][5]. - The cornerstone investor, Jiujiang Dingchuang, holds 45.18% of the issued shares from the IPO, further constraining market liquidity [4]. Financial Performance - Reshape Energy's revenue has shown steady growth from 2021 to 2023, with revenues of CNY 524 million, CNY 605 million, and CNY 895 million, reflecting a compound annual growth rate of 30.77% [7]. - However, in 2024, revenue dropped to approximately CNY 649 million, a decline of about 27.5%, attributed to fluctuations in customer demand and orders [8]. - The adjusted net loss for 2024 was CNY 417 million, a reduction of 11.5% year-on-year, primarily due to decreased operating expenses rather than revenue growth [8]. Industry Context - The hydrogen energy sector is transitioning from a "policy-driven" to a "market-driven" model, leading to reduced government subsidies and insufficient commercial scale, which has negatively impacted demand [8]. - The number of hydrogen fuel cell vehicles insured in China fell by 0.9% to 7,171 units in 2024, with a dramatic 68.8% drop in December sales [8]. - Reshape Energy's reliance on a few major clients remains a significant risk, with over 50% of its revenue coming from the top three clients in 2024 [9]. Strategic Initiatives - In response to market challenges, Reshape Energy is expanding its overseas market presence, with revenue from international markets increasing by approximately 151.7% in 2024 [9]. - The company is also diversifying its applications, with sales from non-automotive hydrogen fuel cell systems growing by about 132.6% in 2024 [9].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 董事會欣然宣佈年度股東會通告所載建議決議案由股東於年度股東會上通過投 票方式正式通過。 茲提述上海重塑能源集團股份有限公司（「本公司」）日期均為2025年4月25日的 2024年度股東會（「年度股東會」）通函（「年度股東會通函」）及通告（「年度股東會 通告」）。除文義另有所指外，本公告所用詞彙與年度股東會通函所界定者具有相 同涵義。 年度股東會於2025年5月19日（星期一）上午十時正假座中國上海市嘉定區金園一 路655號一棟2層召開。年度股東會由董事會根據《中華人民共和國公司法》及公司 章程召開，由本公司執行董事、董事長兼首席執行官林琦先生主持。 出席年度股東會 於年度股東會日期，已發行股份總數為86,162,471股股份，包括40,680,318股H股 及45,482,153股內資股。所有該等股份的持有人均有權出 ...